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Reasons to Save #1

Open a Christmas Saver Account today

Reasons to start saving #1

By paying a little into your Christmas Savers account each week, you will be able to sit back and enjoy the festive period knowing you haven't had to run up huge credit card bills or take out a personal loan. Christmas savings are unlocked in mid-November. Make 10 savings deposits into your Christmas Savings account before the unlock date and you will be automatically entered into a draw where one lucky member could win a £50 Christmas Savings Bonus.

  • Easy ways to deposit
  • Instant access to savings from November
  • Free entry in draw to win £50
  • Savings protected by Financial Services Compensation Scheme

To open a Christmas Saver account you must have an existing Hoot Regular Savings Account.

If you are already a Hoot member with a Regular Savings Account CLICK HERE to set up your Christmas Saver (form opens in a new window)


Not got a Hoot account? Don't worry you can open one here.

Or Call us to ask about the Christmas Savings Account 

  • The Christmas Savings Account is only available to existing Hoot Credit Union members and may be opened by contacting the office by telephone or by completing a Christmas Savings Club Application Form.
  • Savings can be paid into the Christmas Savings account throughout any given calendar year.
  • The Christmas Savings account is locked until mid November at which point savings can be withdrawn. Requests to withdraw Christmas Savings before the unlock date subject to approval.
  • Lump sum deposits may be made at any time into the Christmas Savings Account subject to any applicable limits and can be made by cash deposit, bank transfer or debit card. Deposits may be subject to Money Laundering Verification.
  • A member’s collective savings balance cannot exceed £15,000 or any such limit declared by the credit union in accordance with regulatory limits.
  • We regret that we cannot accept personal or third party cheques as deposit. Cheques from approved organisations made out to the member are accepted and require ten days clearance from the date of deposit.

Financial Services Compensation Scheme

Your eligible deposits with Hoot Credit Union Ltd are protected by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. 

Click here for more information or visit

Credit unions are regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Free life savings insurance

Hoots offers free life insurance on your savings and on your loans (age restrictions and limits apply).

The amount covered depends on your age when you put money into the credit union There is no insurance on money saved under the age of 18 or over the age of 80.

How our free life insurance can help:

Life cover protects adds to your savings in case of death and repays your loan if you die before you have paid it off (terms and conditions apply).